South Korea is considering lowering taxes on oil consumption to help ease financial burdens on low- and mid-income people from sky-high oil prices, the nation's finance minister hinted Monday."The government does not deny the need for lowering oil taxes,"Finance Minister Yoon Jeung-hyun told lawmakers. "It is taking a close look at when and how much the government should push for (tax reduction)."

The number of South Korean college graduates outside the labor force was close to 3 million in the first quarter due to the country's sluggish job market, a government report showed Monday.According to the report by Statistics Korea, 2.95 million people with two-year college degrees or higher were not in the labor force during the January-March period. The number accounted for roughly 18 percent o

WASHINGTON (Yonhap) -- Myanmar has not yet developed the technology for nuclear weapons, but has a chance of succeeding with help from North Korea, a scholar said Monday.Speaking to a seminar at the School of Advanced International Studies, Johns Hopkins University, Robert Kelly, a nuclear engineer, said Myanmar has several factories capable of enriching uranium that were built with German technol